It’s not over ’til it’s over. The Ericsson Racing Team may be out of leg two of the Volvo Ocean Race, but because of the way in which the point scoring system is weighted, it is not as big a set back as it may appear.
The VOR yacht Pirates of the Caribbean has suffered serious damage to the structural support of its keel. They dropped to fourth place and reported the damage shortly after the race positioning showed a sudden drop in speed from 22kts of boatspeed to 14kts.
Bollinger Shipyards, Inc. and Edison Chouest Offshore entered into an agreement that will propel Chouest into the growing liftboat market.
Mitsubishi Heavy Industries, Ltd. (MHI) and Shell EP International Limited (“Shell”), a company of the Shell Group, a global oil major, signed an agreement on a comprehensive strategic alliance to cooperate in the feasibility study and promotion of CO2 capture from industrial plants linked to EOR (E
A new era for Kongsberg Seatex has started, as the very first satellite in Europe
Egyptian authorities have reportedly stopped French aircraft carrier Clemenceau at the Suez Canal. The authorities have asked officials on the ship for the required paperwork as per the Basel Convention.
Oslo – Pirates of the Caribbean, the US entry in the Volvo Ocean Race, reported on Thursday that it was taking in water in the unforgiving Southern Ocean.
Damen Dredging Equipment in the Netherlands has secured an order for the design and delivery of the dredging installation for a 700m3 grab hopper dredger currently under construction by Damen Shipyards.
Petrobras, a Brazilian international energy company, announced that the Government of Equatorial Guinea, West Africa has recently approved the acquisition of a 50% participating interest, by Petrobras, in a production sharing contract covering Block L.
Complex weather continued to challenge the fleet. However, Chris Bedford, race meteorologist, says, that given the expected conditions, the leaders should be nearing the second scoring gate of Eclipse Island off Australia, by Sunday.
Russia and India signed Jan. 12 a contract worth $1 billion for three Krivak-class frigates to be built for the Indian navy.
PASCAGOULA – Northrop Grumman Ship Systems President Phil Teel has announced a reorganization that will have six executives reporting directly to him.
OSLO, Norway, Petroleum Geo-Services ASA (OSE:PGS) (NYSE:PGS) announced today that its wholly owned subsidiary PGS Production has entered into an agreement to purchase the shuttle tanker MT “Rita Knutsen” from Knutsen OAS Shipping for USD 35 million.
You’re traveling through another dimension, a dimension not only of sight and sound but of mind. It’s a journey into a wondrous land whose boundaries are that of the imagination, a place where the cruise ships aren’t all city-sized
